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G7 Finance Ministers Hold In-Person Meeting In England Today.

Stock image: Pixabay

Corporation tax will be high on the agenda.

Finance minister from the G7 world's richest countries will meet in person in Oxford today.

The issue of corporation tax will be high on the agenda with ministers expected to agree on support for a global 21% minimum rate

US president Joe Biden wants a the minimum rate, which is strongly opposed by Ireland whose 12.5pc rate is widely believed to anchor foreign investment in the country.

Finance Minister Paschal Donohoe has said he will hold talks on the fringes of the summit with US Treasury Secretary Janet Yellen. He will meet her in his capacity as president of the Eurogooup of eurozone finance ministers.

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